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General usage questions
10-18-2012, 12:43 AM,
#1
General usage questions
Hi, I have some questions on weberp usage

Does weberp

-perform periodic update for exhange rates used , for audit trail purposes
-auto calculation of exchange gain loss, for valuation or AP and AR balances for those in foreign currency every month end based on the currency updated into the system?
-auto calculation of exchange gain loss, for valuation or AP and AR balances once we apply payment & cash receipt into the system?

-Can PO approval be done online on weberp itself?

-where to amend, delete and change the structure tree of Chart of Account?

-for bank recon, do we need to plug in the bank statement balance amount or no need for weberp?

-can we choose vendor to pay, when we are in payment entry?
-How to enter payment and received of money?

-how to enter budget data?
-comparison of multiperiod P&L, by monthly trend
-dual currency reporting; MYR & USD



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10-18-2012, 05:39 AM,
#2
RE: General usage questions
(10-18-2012, 12:43 AM)echpoh Wrote: Hi, I have some questions on weberp usage

Does weberp

-perform periodic update for exhange rates used , for audit trail purposes

Yes there is an automatic update of exchange rates on a daily basis - the first person to login - the system checks if the update is done and if not does it. The rate used is stored in each transaction for audit trail purposes

Quote:-auto calculation of exchange gain loss, for valuation or AP and AR balances for those in foreign currency every month end based on the currency updated into the system?
There is no revaluation of AR or AP balances and unrealised exchange gain/loss calculated

Quote:-auto calculation of exchange gain loss, for valuation or AP and AR balances once we apply payment & cash receipt into the system?

Yes exchange gains or losses are taken to P & L when cash receipts/payments at different rates are applied (allocated) against invoices at a different rate - this is part of the allocation code.

Quote:-Can PO approval be done online on weberp itself?

Yes - extensive PO approval options - users can be authorised by currency up to maximum $ amounts. PO orders can be set to auto approve if entered by an authorised buyer logged in.

Quote:-where to amend, delete and change the structure tree of Chart of Account?

General Ledger -> GL Account

Quote:-for bank recon, do we need to plug in the bank statement balance amount or no need for weberp?
Only for foreign currency accounts where you wish to take the unrealised gain/loss. Other accounts the balance is calculated from the transactions. There is no import of bank transactions - although I do have some code to import MT940 format bank exports ... that I will charge a token amount for. Would be easy enough to add other formats.

Quote:-can we choose vendor to pay, when we are in payment entry?
Choose vendor to pay before payment entry

Quote:-How to enter payment and received of money?
General ledger->Bank Account Payments Entry
General ledger->Bank Account Receipts Entry

Quote:-how to enter budget data?
General Ledger->GL Budgets

Quote:-comparison of multiperiod P&L, by monthly trend
General Ledger->Profit and Loss - you can choose any range of periods.

Quote:-dual currency reporting; MYR & USD
You have to choose which currency is the functional currency of the business - cannot report in two different currencies.

Phil Daintree
webERP Admin
Logic Works Ltd
http://www.logicworks.co.nz
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10-18-2012, 10:41 AM,
#3
RE: General usage questions
Thanks Phil that was very helpful
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